Markets / IPO / SBI Funds Management

SBI Funds Management IPO

Updated 18:58

Mainboard IPO on NSE and BSE · Asset Management Company

Status

Listed

Price band

₹545–574

Lot size

26 shares · ₹14,924

Subscribed

41.66×

How it listed

Issue price

₹574

Listing price (open)

₹613.30 +6.85%

First-day close

₹609.75 +6.23%

Price now

₹499.55 -12.97%

Listing day	21 Jul 2026
Open / high / low / close	₹613.30 / ₹624.95 / ₹598.20 / ₹609.75
Shares traded on NSE	8,48,48,648
Market value at the listing-day close	₹1,24,196 cr

Closing prices since listing: 26 Oct ₹452.05, 27 Oct ₹458.40, 28 Oct ₹462.05, 29 Oct ₹468.50, 30 Oct ₹468.20, 2 Nov ₹478.50, 3 Nov ₹482.35, 4 Nov ₹498.25, 5 Nov ₹506.15, 6 Nov ₹500.40.

SBI Funds Management share price, live chart and technicals →

Key dates

Bidding opens	14 Jul 2026
Bidding closes	16 Jul 2026
Allotment	17 Jul 2026
Refunds and shares in demat	20 Jul 2026
Listing	21 Jul 2026

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Institutions (QIB)	3,09,28,731	24.83%	–
HNI / NII	2,31,96,549	18.62%	–
HNI, above ₹10 lakh	1,54,64,366	12.41%	8,746
HNI, ₹2–10 lakh	77,32,183	6.21%	21,242
Retail	5,41,25,280	43.45%	20,81,741
Employees	32,57,347	2.62%	–
Shareholders	1,30,55,629	10.48%	–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	26	₹14,924
Retail (maximum)	13	338	₹1,94,012
Small HNI (minimum)	14	364	₹2,08,936
Small HNI (maximum)	67	1,742	₹9,99,908
Big HNI (minimum)	68	1,768	₹10,14,832

At ₹574 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 4

Retail allotments available

20,81,741 × one lot

Retail portion subscribed

3.60×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	3,09,28,731	4,33,32,71,956	140.11×
HNI / NII	2,31,96,549	52,21,84,416	22.51×
HNI, above ₹10 lakh	1,54,64,366	40,22,20,000	26.01×
HNI, ₹2–10 lakh	77,32,183	11,99,64,416	15.51×
Retail	5,41,25,280	19,46,77,574	3.60×
Employees	32,57,347	1,51,49,992	4.65×
Shareholders	1,30,55,629	12,42,63,542	9.52×
Total	12,45,63,536	5,18,95,47,480	41.66×

NSE and BSE bids together, as of 16 Jul 2026 19:00.

Demand at each price

Top price ₹574	49,147.06 lakh shares	94.7%
Cut-off final price, whatever it is; mostly retail	2,736.58 lakh shares	5.3%
Lower prices ₹545–573	16.05 lakh shares	0.0%

Shares bid on NSE and BSE at each price in the band. Most bids at the top price, and little at lower prices, means buyers were keen.

Anchor investors

Anchor bid date	13 Jul 2026
Lock-in ends for the first 50% (30 days)	15 Aug 2026
Lock-in ends for the remaining 50% (90 days)	14 Oct 2026

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹1,16,914 cr	₹1,01,750 cr
P/E (last 12 months' profit)	–	–

Revenue, last 12 months	–
Profit, last 12 months	–
Return on equity	–
Debt to equity	0.00

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: Asset Management Company

Company	Listed	Subscribed	On listing	Since IPO
EAAA India Alternatives	2 Nov	5.25×	+0.63%	+1.03%
Gaja Alternative Asset Management	26 Aug	31.33×	+15.63%	-16.06%
ICICI Prudential Asset Management Company	19 Dec	39.17×	+20.09%	+35.60%
Canara Robeco Asset Management Company	16 Oct	9.74×	+5.36%	-15.74%

IPO details

Price band	₹545–574
Final issue price	₹574
Lot size	26 shares
Minimum investment	₹14,924 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	Re. 1 per Equity Share
Industry	Asset Management Company
Issue size	₹9,812.91 crore (about 17.10 crore shares) · Offer for sale only
ISIN	INE640G01020
Registrar	KFin Technologies Limited Helpline: +91 4067162222, sbifml.ipo@kfintech.com
Lead managers	Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited.
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 17 Jul 2026. Check it on the registrar's page (KFin Technologies Limited), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the SBI Funds Management IPO price band and lot size?

The price band is ₹545–574 per share, and one lot is 26 shares (₹14,924 at the upper price).

When is the SBI Funds Management IPO allotment date?

Allotment was finalised on 17 Jul 2026, the next working day after bidding closed on 16 Jul 2026.

How many times was the SBI Funds Management IPO subscribed?

In total 41.66 times, on NSE and BSE together; retail 3.60 times.

What is the SBI Funds Management IPO listing date?

It listed on 21 Jul 2026 on NSE and BSE.

What is the chance of getting SBI Funds Management IPO shares?

At least 1 in 4 retail applicants got the minimum lot: 20,81,741 retail allotments with the retail portion subscribed 3.60 times. Winners are picked by lottery.

When does the SBI Funds Management anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 15 Aug 2026 and the 90-day lock-in on the rest ends on 14 Oct 2026; they can sell from the next trading day.

What was the SBI Funds Management listing gain?

It opened at ₹613.30 against an issue price of ₹574, a gain of 6.85%. It is now down 12.97% from the issue price.